Russian aluminum giant UC RUSAL has set the final coupon guidance for 15-billion ruble 10-year exchange bonds at 8.6%, which corresponds to a yield of 8.78% to a 3.5-year buyback offer, a banking source reported.
The initial coupon guidance amounted to 8.6-8.75%.
The technical placement of the bonds is preliminarily scheduled for July 11.
Otkritie Financial Corporation (FC) Bank, brokerage company Region, VTB Capital, Gazprombank, Credit Bank of Moscow, and Sberbank CIB are the organizers. (Prime/Ukrainian metal)